Egypt willing to engage in G2G cooperation

Egyptian company shows interest in investing in energy sector

ISLAMABAD:

Ambassador of Egypt to Pakistan Tarek Dahrough has said that government-to-government (G2G) relations between Egypt and Pakistan will be forged in the energy sector to strengthen economic ties between the two countries.

He stated this in a meeting with Special Assistant to Prime Minister on Petroleum Nadeem Babar, which was held to explore business opportunities in the energy sector of Pakistan.

A delegation of Egyptian energy company Taqa accompanied the ambassador in the meeting.

Babar presented an overview of Pakistan’s energy sector and reaffirmed Pakistan’s commitment to cleaner fuels and green energy. Pakistan’s energy mix would be diversified by injecting more hydel and renewable energy into the national grid, he said.

The special assistant informed the delegation that the share of renewable energy in Pakistan was expected to increase to 20% by 2025 and 30% by 2030.

Representatives of the Egyptian energy company expressed interest in investing in the energy sector including power generation, transmission and distribution, projects related to renewable energy as well as in areas of liquefied natural gas (LNG), compressed natural gas (CNG) and gas distribution in the country.

The delegation expressed keen interest in developing the footprint of the company in Pakistan.

Published in The Express Tribune, August 27^th, 2020.

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